Samourai Indictment & FBI Notice Are An Assault On Bitcoin And Privacy [Forbes]
Coinbase Global, Inc. - Class A (COIN)
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Source: Forbes
reauthorize a surveillance program that U.S. officials consider vital to national security but that critics have raised privacy concerns about. (AP Photo/Charlie Neibergall, File) As of the last two days, the the founders of Samourai Wallet, which provided an interface for the Whirlpool mixing pool and allowed for a degree of privacy by mixing transactions on Layer 1 Bitcoin. The FBI also against self-custodied assets on Bitcoin - in a political act that was meant for scaremongering more than actual effect (in fact, anybody could withdraw their funds from Samourai and transfer them to a wallet like Sparrow - federal investigations can not deny access to one's Bitcoin despite multiple attempts to make it much more complicated). The attack on Samourai Wallet used many of the tools of the state, from app store takedowns (a popular tactic embraced by the Chinese Communist Party to enforce its wall garden Internet), management of domain space to physical extradition in what was a front
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